Gayatri Projects: Rs.169/- seems to be consolidating after a break out. It is forming a triangle from last eight months(fibonacci) and seems to be on the verge of a break out. Notice on the chart the stock is also on verge of brake out of the sloping resistance line drawn from the top of 2008 which is bullish sign. The above chart is an weekly chart and notice the stock price is taking support at 200 week EMA, during the last eight months so now this becomes the support for the stock and also stop loss: Rs.130/-

Mahiidar M

Enjoying Life

Trend is Friend.

Ambush trades from 20th feb onwards

During the month of February the method has give a profit of 2113 points. 

during the first two trading days of March i.e. on 2nd and 3rd of March no trades as the price was withing the range of previous day so no trade.

Mahiidar M

Enjoying Life.

Trend is Friend.

February was a side ways market and there was not trending so resulted in a profit of just 122 pts for whole month but, i have seen in the past that the next succeeding months gives a bounty for the traders so we has to wait and watch, it seems that in March we might see market trending for trading purpose so wait and watch

Mahiidar M
Enjoying Life
Trend is Friend.